From the horse’s mouth on Friday (via Reuters):
RTRS – HEDGE FUND FIRM BREVAN HOWARD SAYS HAS NO EXPOSURE TO GREEK DEBT OR CDS – INVESTOR LETTER EXTRACT
RTRS – BREVAN HOWARD SAYS HAS NO EXPOSURE TO PORTUGUESE, ITALIAN OR SPANISH DEBT OR CDS – INVESTOR LETTER EXTRACT
RTRS – BREVAN HOWARD SAYS NO PLANS TO SHORT OR BUY CDS ON GREECE, PORTUGAL, SPAIN, ITALY DEBT IN FORESEEABLE FUTURE – INVESTOR LETTER
Got that Spain?
The background here is that Brevan Howard, along with Paulson & Co and Moore Capital, stood accused by the Spanish press last week of leading the speculative charge against completely worthwhile sovereign securities of Eurozone peripheral states.
Hope that settles the matter.
Related links:
<<”Tres hedge funds con más de 500.000 millones bajo gestión son los responsables del ataque a España”>> – FT Alphaville
“Nada de lo que está ocurriendo en el mundo, incluidos los editoriales de periódicos extranjeros, es casual o inocente” – FT Alphaville